The Bureau of Labor Insurance has finished the selection and fee negotiation process for the open tender project of “Fourth Batch Overseas Discretionary Investment of Labor Insurance Fund (2011)”. The three selected managers are as following:
- MFS Institutional Advisor, Inc.
- BlackRock Investment Management(UK) Limited.
- Amundi
The aim is to select the active global equity managers. Total amount of this mandate project is estimated to be US$ 600million dollars with three selected managers, where US$ 200 million dollars will be under the management of each select manager. The term of the contracts is 5 years. The benchmark is MSCI World Index.